TechnipFMC
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The result of yet another merger in the EPC segment, TechnipFMC is a big gun eyeing up global deals. Revenues of $15bn last year and a backlog not too far behind prove that but the past 12 months have been pretty quiet in terms of upstream EPC deals in the Middle East. The UK based firm did secure a FEED contract from ADNOC for the offshore Dalma sour gas project, a key component of the oil major’s wide-ranging 2030 strategy, but the main headlines were reserved for its $4.2bn downstream deal in Bahrain for the expansion of the Sitra refinery.
